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Contracts

ICE, Magellan to Offer Dock Capacity to Houston Oil Futures Customers

Intercontinental Exchange Inc and Magellan Midstream Partners LP said on Wednesday they would auction dock capacity at Magellan's terminals in Galena Park and Seabrook, Texas, for holders of ICE's Permian West Texas Intermediate (WTI) crude futures contracts.The monthly auction process will

Baltic Index at 2-week High on Capesize, Panamax Strength

AdobeStock / © Igor Strukov

The Baltic Exchange's main sea freight index climbed to a near two week high on Tuesday propelled by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points, or 5.1%, to 1,864 points, a high since July 31.

St. Croix Upgradess with New Lake Assault Boats Craft

Photo: Lake Assault Boats

The St. Croix County Sheriff’s Office in Hudson, Wisconsin, earlier this summer took delivery of a Lake Assault Boats rigid hull inflatable boat (RHIB). The new boat enhances the office’s patrol capabilities and water-based emergency rescue operations on a 27-mile stretch of the St. Croix River, a National Scenic Riverway.

Trafigura in Fuel JV with Frontline, Golden Ocean

File Image: AdobeStock / © Riccardo Arata

Trafigura Group is joining forces with shipping firms Frontline and Golden Ocean to set up a company to supply shipping fuels ahead of a shake up in regulations next year which could disrupt fuel delivery and cause prices to spike.The three companies said on Tuesday that subject to agreement on final terms,

Flowserve Inks Deal for Prelude FLNG

Image: Shell Prelude FLNG facility

Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility, which is producing

Port of Los Angeles Reports Record July TEUs

An aerial view of the Los Angeles Port complex (CREDIT: Port of Los Angeles)

Volumes Increase 9.4% Compared to Previous Year.For the fourth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In July, the Port moved 912,154 Twenty-Foot Equivalent Units (TEUs), the busiest July in the Port’s 112-year history.   “Container exchange per vessel reached 9,

Baltic Index Rises on Capesize, Panamax Rates

File Image: AdobeStock / © Volodymyr Kyrylyuk

The Baltic Exchange's main sea freight index rose on Monday, supported by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 26 points, or 1.5%, to 1,774 points, level last seen on August 5.The capesize index added 44 points, or 1.

PG Flow to Supply Mud Agitators for MMA

MMA Chieftain (Photo: MMA Offshore)

Australian provider of marine solutions and expertise to the offshore oil and gas industry, MMA Offshore orders mud agitators for its AHTS MMA Chieftain, which is operating in the Middle East region.Norwegian pump and liquid handling specialist PG Flow Solutions will supply a set of PG-Submix 80 hydraulically

China Fixes First U.S. Crude Cargo Since Latest Tariff Threat

File Image: A VLCC loads alongside in the port of Corpus Christi, Texas (CREDIT: Port of Corpus Christi, Texas)

Chinese oil trader Unipec chartered a supertanker to ship U.S. crude to China in September, trading sources said, the first such cargo since U.S. President Donald Trump announced additional tariffs on Chinese import, ending a monthlong trade truce.Unipec, the trading arm of state refiner Sinopec , has

Retail Imports at Near-Record Levels Despite Tariffs

AdobeStock / © nightman 1965

Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Matson Announces Q2 2019 Results; Lowers FY2019 Outlook

File Image: Matson

Matson reported net income of $18.4 million, or $0.43 per diluted share, for the quarter ended June 30, 2019. Net income for the quarter ended June 30, 2018 was $32.6 million, or $0.76 per diluted share. Consolidated revenue for the second quarter 2019 was $557.9 million compared with $557.1 million for the second quarter 2018.

HDR to Lead $870M Rail Project at PoLB

Photo: HDR

The Port of Long Beach, one of the greenest ports in the world, has selected HDR to perform the final design as it moves ahead with its $870 million effort to streamline rail operations and reduce bottlenecks at the second-busiest container port in the U.S.The Pier B On-Dock Rail Support Facility Project

Damen Signs Milestone Pontoon Order

Photo: Damen

Damen Shipyards Group has recently signed a contract for the delivery of a pontoon to France-based company, Marc SA. The contract is a significant one for Damen, being the 100th order for a pontoon since the company opened its dedicated Pontoons & Barges product department in 2010.The client, is a leading civil works company in Brittany,

Softer Capesize Demand Drags Down Baltic Index

file Image: AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index fell for an eleventh straight session on Tuesday to nearly one-month lows, pushed down by lower rates for capesize vessels due to sluggish demand in both Atlantic and Pacific regions.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 40 points, or 2.

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